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1. Net income is $69.000 2. The company purchases $120,000 in equipment. No equipment was sold. 3. Depreciation expense is $160,000 4. The company repays

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1. Net income is $69.000 2. The company purchases $120,000 in equipment. No equipment was sold. 3. Depreciation expense is $160,000 4. The company repays $100,000 in notes payable. 5 . The company declares and pays a cash dividend of $25,000 Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cosh outflows, and any decrease in cosh should be indicated with o minus sign.)

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